Iran war impacts India's small manufacturers amid gas shortages
after close1 source ↓written by the desknot a recommendation
- in Panipat affected
- 1,000 textile units
The ongoing war in Iran is disrupting small manufacturers in India, particularly in Coimbatore and Panipat. Gas shortages have halted operations, with 1,000 textile units in Panipat affected as dyeing processes rely on gas for steam. This situation is likely to escalate costs and operational challenges across various sectors.
• Foundries and textile units are facing significant operational hurdles
• Increased costs for raw materials may follow
• Broader implications for small-scale manufacturing across India
Not investment advice. For informational purposes only.